ok guys, I'm here to mainly report my two experiences of online that I've had so far.
First of all, the first person I played was Mr. DeadlyRaveNeo. He lives in Atlanta and I live right outside NYC. The lag was pretty bad and I could hardly do anything. He had the same problem as well so we just quit after the second match.
But here's the interesting thing. The next person I played was a friend of mines who lives in Florida. I have no idea what part of Florida he lives in but we played around 25 matches and they all felt flawless. If I were to take a guess, 8 out of ten matches were completely playabale and we noticed no lag. Now, I'm not the kind of player who does HD combos and fancy stuff, but he was able to pull off some really amazing stuff with his team of Kim, Vice and Ralf and he reported no problems doing it.
And the really interesting part about all of this? ever since I added this guy to my friends list, I find that we have pretty good matches, connection wise, in other SNK games like KOF98UM, KOF2k2UM and especially in NGBC.
But anyway, if anyone lives in any other parts of NY, I would like to tryout the game with you guys. I'd imagine that if osmeone who lives in florida is giving me great matches, someone from the same state should produce equally better results.